Bace Up for New Tax Reforms – FIRS
The Federal Inland Revenue Service FIRS has announced it’s readiness to release new reformed tax, urging state government to brace up.
The FIRS Chairman, Dr. Zacchaeus Adedeji, disclosed this at the 155th Meeting of the Joint Tax Board (JTB) in Suleja, Niger State.
He enjoined state governments to optimise revenue collection for socioeconomic and human development.
“at this critical point in time, it is necessary to strengthen the fabric of our IGR capacity to ensure that the revenue administration processes, especially at the subnational level, become as efficient as possible to optimise the collection of IGR for socioeconomic and human development,” Adedeji stated.
Adedeji acknowledged the ongoing tax reform efforts led by the Presidential Fiscal Policy and Tax Reforms Committee, stressing that “we must begin to look ahead to how these reforms will impact revenue authorities across all government levels”.
Governor Mohammed Umar Bago of Niger State, represented by the Commissioner for Budget and National Planning, Mustapha Ndajiwo, presented a case study of successful IGR improvement in the state.
Ndajiwo revealed a rise in Niger State’s IGR, with an average monthly collection of N2,621,710,688.94 between January and May 2024, compared to N1,806,280,088.25 in the same period last year.
